Energizer Rises On Unusually High Volume (ENR)

NEW YORK ( TheStreet) -- Energizer Holdings (NYSE: ENR) is trading at unusually high volume Wednesday with 2.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $6.88 (+9.7%) at $77.68 as of 3:25 p.m. ET.

Energizer has a market cap of $4.66 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 8.6% year to date as of the close of trading on Tuesday.

Energizer Holdings, Inc. engages in the manufacture and sale of primary batteries, portable lighting, and personal care products worldwide. It offers household and specialty batteries, including carbon zinc, alkaline, rechargeable, and lithium batteries. The company has a P/E ratio of 16.5, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Energizer as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Energizer Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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